tv Business Today BBC News November 1, 2024 3:30am-3:46am GMT
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the spotlight. apple has been looking for a turnaround in a sales which has been sluggish and it got that in this most recent quarter. iphone sales were up 5.5%, early signs of demand for the iphone 16 which came out in the final days of september, and this is such an important market for this company. apple iphone sales make up about half of their revenue. we also from the ceo about apple intelligence, a suite of tools that allow customers to do everything write a better e—mail to cleaning up photos, generating movies with a simple prompt. services came out this week and the ceo said on thursday that early feedback has been positive. there is one dark spot for apple in this earnings report and that has to do with a traditional ruling in a europe that was handed up in september, this
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is all about the tax bill in ireland, apple having to pay 13 billion euros in taxes and interest resulting in a 35% hit in profits, for apple in his most recent quarter. -- judicial. despite the better—than—expected earnings, apple says bell by around 2% in after—hours trading in new york and that comes as amazon beat analyst estimates for quarterly revenue, it has certainly been a big we protect, analyst bob o'donnell is under way china is such a concerned. it is a difficult one for apple to address because of course the chinese government is presenting apple as this western force and they are trying to do more, build and meet in china, they encourage people to do that, the chinese government employees of course have to use products that are made in china. it is a tough road but luckily apple has the brand value, even in china, overcoming some of these issues, the question will be moving forward, things like services which has become a huge percentage of their revenue, how can they can continue to build on that in china, in addition
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to selling their product. that will be something to watch moving forward, how they can adapt to the chinese market with those services. indonesia's second largest telco giant is betting on al. for more on how the race could boost the indonesian economy we are joined boost the indonesian economy we arejoined by boost the indonesian economy we are joined by the chief executive officer of endo sat hutchinson. when we think of indonesia we think of an economy that is young, many digitally literate, you are betting big on al. how hard would it be for indonesia given the challenge when it comes to connectivity and so many islands?— connectivity and so many islands? ~ . ., , .,~ connectivity and so many islands? . . , ., islands? we are really taking a bold step- _ islands? we are really taking a bold step. we _ islands? we are really taking a bold step. we want _ islands? we are really taking a bold step. we want indonesia | islands? we are really taking a. bold step. we want indonesia to ensure that early adoption of ai will help indonesia move up,
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and the new president has taken and the new president has taken a target of 8% and we strongly believe that early adoption of it will help. we have the ai factory here, over 100, it will help. we have the ai factory here, overioo, one it will help. we have the ai factory here, over 100, one of the first in the region and am happy to share with you we are seeing very good results. in february this year, endo sat was chosen by nvidia to become their first cloud provider partner in indonesia. how big a moment was it for you as a company? in video is what everyone is talking about when it comes to ai.— it comes to ai. this was a ivotal it comes to ai. this was a pivotal moment _ it comes to ai. this was a pivotal moment for - it comes to ai. this was a pivotal moment for us. i it comes to ai. this was a l pivotal moment for us. we it comes to ai. this was a - pivotal moment for us. we were very thrilled we got this opportunity to serve indonesia and this is where we put our head down and got into full execution mode. what i learned from nvidia is mission is the boss and our mission is to empower indonesia and how we are the first to execute, get ready with a data centre and go live. we went live in august
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and we have more than 15 customers in indonesia and everything is done in indonesia in a very sovereign manner and thatis in a very sovereign manner and that is very powerful.— that is very powerful. briefly, currently _ that is very powerful. briefly, currently you _ that is very powerful. briefly, currently you are _ that is very powerful. briefly, currently you are operating i that is very powerful. briefly, currently you are operating in indonesia. are there any plans for global expansion? we indonesia. are there any plans for global expansion?- for global expansion? we are very focused _ for global expansion? we are very focused on _ for global expansion? we are very focused on indonesia - for global expansion? we are | very focused on indonesia and our mandate is to make sure we serve the indonesia and do it in the best interest of indonesia.— in the best interest of indonesia. thank you for 'oinin: indonesia. thank you for joining me- _ indonesia. thank you for joining me. we - indonesia. thank you for joining me. we are - indonesia. thank you for joining me. we are four| indonesia. thank you for - joining me. we are four days away from the us presidential election. it looks to be a tight race. 0ne it looks to be a tight race. one of the hot topics is the immigration policies of the candidates. vice president harris said us immigration system is a legislative fix. meanwhile, former president trump has called for more restrictive measures at us borders. this chart shows the steady rise in migrants to the us from just before the 19805. 0ur correspondent explains why immigration has become so divisive.
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it is because we have not upgraded our system since 1990, so for 35 years we have had an ever increasing discrepancy between what we need for economic, humanitarian and family reasons in this country, and because our system allows so few people compared to what we need for all those reasons, that gap has been partially filled by irregular, unauthorised immigration. of course that creates chaos, and one political party has seized on the chaos to great political gain, but without much of a proposal on how to fix things. the other side really has not come up with a good counter argument despite very good economic and social and demographic reasons for why we would benefit from immigration. the political fight is because of the discrepancy. let's talk the economy. how much do immigrants contribute to the us economy and how important are they to the workforce? a lot, the entire reason the us has come out so strongly since
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the pandemic and because it will do better than expected in the next decade is because of immigration. immigrants bring five key inputs into the economy, talent, investment, taxes, consumption and they also bring of course innovation, all kinds of innovation. with those of five things, you getjobs and economic growth. for example, in the us immigrants are 80% more likely to start a business which creates jobs. they feel significant number of positions in key sectors from construction to farms to high—technology. the attract investment from their home countries. they are responsible for 36% of all patents and they have over $1.3 trillion in spending power. you tell me you do not want those things, you will agree that your economy. — grow. real us immigration policy invite social classes? you are an immigrant from uruguay. do you see potential impact on the election when it comes to well—paid foreign talent? yes, of course, we have a shortage of both skilled and
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unskilled immigration. we educate millions of the best and brightest in our universities but we keep less than a quarter of them. we only give 85,000 temporary visas to skilled workers when businesses demand more than 500,000 and so our policy is essential to attract highly skilled immigrants as well as the other kinds of immigrants that power our economy. for all the latest updates on the election, visit our website leading up to polling day on five november. here is a fun fact. hello kitty turns five inaudible today. it makes me feel quite young. it is a japanese icon. 0ur correspondent caught up with the chief executive. meet one of the best love creations, hello kitty. as she celebrates her 50th anniversary, she even got a birthday wish from... a very happy birthday
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to hello kitty. the company behind hello kitty, all the other characters, but despite the popularity, the firm was struggling to be profitable until the new chief executive started in 2020. he took the top job at the age of 31, making him the youngest ceo of a listed company injapan. how did he turn it around? translation: it would be a lie if i said there was no push - back. but to reform a 60—year—old company, we could not change based on what we already knew. i notice a lot more promotions or collaborations of these characters even in singapore in the last few years. did you change your overseas marketing strategies? translation: one of our | business models is licensee business. it has become the call for our overseas strategy.
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we get paid realty and in return our characters get the exposure in the market. there was advertising effect. as a result, hello kitty with whom in a strange coincidence the ceo shares the same birth day, has lost the top spot is the most popular character. translation: in terms of sales, hello kitty is still our _ strongest character. cinnamon roll is the most popular but when it comes to character recognition and the searches for history, they were recreated by hello kitty. the issue was they were not sustainable which meant a performance and high volatility. that is why we decided to create and market other characters to reduce the volatility. even if the boom dies down, the new characters can cover it. it is not about lowering their popularity but about boosting other characters' recognition and popularity. the revamp has paid off, transforming the company into a house of characters.
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hey, it's lucy with the catch up! tonight: the latest from spain. elon musk doesn't show up to court. and dogs celebrating halloween. but first, buffer zones are now in place around abortion clinics in england and wales. it's now illegal to protest within 150 metres of a centre. people who break this law face an unlimited fine. the safe zones aim to protect women accessing health services. critics say it comes at the expense of freedom of speech. some other news — an update on the deadly floods in spain. the number of people who have died has risen to more than 150. and many people are still missing. but rescue teams have been working non—stop
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to save residents, including this one—year—old baby who was airlifted to safety. it's only days until the us election and elon musk missed a court hearing. the billionaire is facing charges over his million—dollar giveaways to voters in key states that could swing the result of the election. he denies he's broken election law. russia has fined google more money than there is in the entire world. that's around 20 billion, trillion, trillion dollars. it's for restricting russian state media channels on youtube. google hasn't reponded. and now ten seconds of these really cute rescue dogs who have been getting in the halloween spirit. dogs trust in kenilworth took the photos of their residents to try and help them find their forever homes. effie is one of the dogs
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as the dodgers arrive home after winning baseball's world series. as sagas go, it is not necessarily the longest but ruben amorim's prospective appointment as the new manchester united manager has certainly seemed like one. over the last few days, he has appeared to inch closer to old trafford but he says we will have to wait one more day before the saga comes to the end that everyone expects. hugh ferris has been following the developments. despite everything pointing to ruben amorim joining united, it is yet to be formally agreed or indeed announced, some manchester united fans were told by the club's sporting director that it was a done deal as he posed for pictures ahead
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